Hello traders, today’s article is about the KIWI, also known as NZDUSD. Let’s dig in. NZDUSD is in a clear, bearish pattern down from 0.674 high, now trading in the middle of an impulse. We labeled waves 1-2 and 3 already completed, so latest recovery from the 0.6377 lows can be only a wave 4 correction within the trend, which can face resistance/bearish reversal at the 0.650 region, also region of ther former wave iv of one lesser degree and region where Fibonacci ratio of 38.2 can react as a turning point. NZDUSD, 4h Once wave 4 find resistance, and more leg lower as wave 5 may start unfolding, and targeting the 0.633/0.630 zone. Â On the daily chart of the same pair, we believe this impulse (down from 0.674 high) can be part of a three-wave, higher degree A)-B)-C) reversal, which can in weeks and months ahead see even lower prices. Â That said once wave A) fully develops, the price may experience a corrective wave B) recovery, before wave C,) lower follows. NZDUSD, daily Gregor Horvat Gregor Horvat Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power! View All Post By Gregor Horvat NZD/USD Forecast share Read Next Russian Central Bank expects economic growth in Q1 at 2.0-2.5% FX Street 2 years Hello traders, today's article is about the KIWI, also known as NZDUSD. Let's dig in. NZDUSD is in a clear, bearish pattern down from 0.674 high, now trading in the middle of an impulse. We labeled waves 1-2 and 3 already completed, so latest recovery from the 0.6377 lows can be only a wave 4 correction within the trend, which can face resistance/bearish reversal at the 0.650 region, also region of ther former wave iv of one lesser degree and region where Fibonacci ratio of 38.2 can react as a turning point. NZDUSD, 4h Once wave 4 find resistance, and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
